- Funding Needed
- $26.5 (Mio)
- EB5 Funding
- $9.5 (Mio)
- EB-5 Investors
- Investment Amount
- Subscription Fee
- Discount Fee
- Job Creation per Investor
- Job Creation (Total)
- Accommodation and Food Services
- Hotels (except Casino Hotels) and Motels
- Amount of EB-5 investors anticipated for this phase?
- Expected Maturity
- Initial maturity is 5 years. The loan may be extended by 2 years.
- Expected Return
- 1% for the first 5 years, then 1.5%
- Principal equity in project?
- Does this project have approved I-526's?
- Does this Regional Center have approved I-526's?
- Does this Regional Center have approved I-829's?
- 19518 International Boulevard, SeaTac, Washington 98188
- Last Update: June 11, 2015 02:48 AM
Your Project was viewed 217 times (totally).
For the last 7 days 0 times.
Hyatt Place At Seatac Airport
- Developer Name
- Angel Lake Hotel, LLC
The Partnership was organized for purposes of making a loan (the “Loan”) to Angle Lake Hotel, LLC, a Washington limited liability company (the “Project Company”), which shall use the proceeds of the Loan for the development, management, and operation of a Hyatt Place hotel (the “Hotel”), to be located in SeaTac, Washington. The Hotel will occupy a total of approximately 128,589, square feet and consist of approximately 150 room units in a 6-story structure, 2 floors of parking with approximately 118 parking stalls, meeting space, room service, and other guest amenities, including in-room kitchens and living areas, free internet, and adjacent park amenities.
The Hotel will be a 152-room upscale selective-service, three-star hotel to be located in the city of SeaTac, Washington, approximately 0.8 miles (1.3 km) from Seattle Tacoma International Airport. The Hotel will feature amenities such as separate living areas, free internet, meeting spaces, and parking stalls. Furthermore, the Hotel will offer guests expedient access to Angle Lake Park, a nearby public park, as the Project Company has secured an easement allowing access from the Hotel to Angle Lake Park at the signalized intersection of International Boulevard and South 195th Street.
Based on the current Project schedule, it is anticipated that the Project will begin construction in the spring of 2014. At or prior to the closing of the Offering, the Property will be acquired by the Project Company from an entity affiliated with the Project Company for the sum of $3.5 Million. Demolition of the current building on the Property will require approximately 6 months completing. Thereafter, construction of the Hotel and installation of the fixtures and furniture will require approximately 20 additional months to complete. Provided that the development of the Project progresses to completion as scheduled, the opening of the Hotel is expected to occur in the summer of 2016. The Project Company projects that the Hotel will realize stabilized operations by the fall of 2018.
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.